REG - Compagnie St-Gobain - Disposal

Compagnie de Saint Gobain SAAnnouncement

12/05/2022 15:15

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RNS Number : 2424L  Compagnie de Saint-Gobain  12 May 2022

 

 

SAINT-GOBAIN DIVESTS SPECIALIST FLOORING DISTRIBUTOR AND

TWO GLASS PROCESSING FACILITIES IN THE UNITED KINGDOM,

Saint-Gobain has entered into binding agreements for the sale of International
Decorative Surfaces (IDS), its specialist flooring, worktop and laminate
distributor in the UK to Chiltern Capital. IDS employs 500 people and has 17
distribution hubs and makeover centers, generating a turnover of approximately
€130 million in 2021.

 

In addition, Saint-Gobain has also reached binding agreements for the
divestment of two UK Glass processing facilities specialized in the
manufacturing of double-glazed units. The two sites in Motherwell, Scotland
and Canterbury together generated sales of approximatively €20 million in
2021, and employ around 80 people.

 

Completion of these divestments is expected by the end of the second quarter
of 2022 and marks the exit of Saint-Gobain from all specialist UK distribution
brands.

 

These transactions are part of Saint-Gobain's continued business profile
optimization strategy, consistent with the "Grow & Impact" plan
objectives.

 

 

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs,
manufactures and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of public and
private buildings, light construction and the decarbonization of construction
and industry are developed through a continuous innovation process and provide
sustainability and performance. The Group's commitment is guided by its
purpose, "MAKING THE WORLD A BETTER HOME".

€44.2 billion in sales in 2021

166,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com (http://www.saint-gobain.com/) and follow us on
Twitter @saintgobain (https://twitter.com/saintgobain)

 

 

 Analyst/Investor relations                   Press relations
 Vivien Dardel :           +33 1 88 54 29 77  Patricia Marie :        +33 1 88 54 26 83
 Floriana Michalowska :    +33 1 88 54 19 09  Susanne Trabitzsch :    +33 1 88 54 26 83
 Christelle Gannage :      +33 1 88 54 15 49
 Alix Sicaud :             +33 1 88 54 38 70

 

 

 

 

 

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